The recent crash of Z-Obee price was not to my surprise because the it is predictable base on the following two observations:
I hope this post can help people to avoid get burnt badly when chasing over value stocks especially the chart pattern is showing Parabolic Curve.
Ezra looks like have completed the Elliot Wave C after bounced back from the 50% Fibonacci Retracement Level. Is it a good entry point now? Probably we need to watch whether Ezra can break the 61.8% FR resistance at $1.805 and also the 20D MA resistance for a clearer stock movement.
Leonardo Fibonacci
Take a closer look at the RATIO of the pictures
YES! Fibonacci is in our DNA! Human behaviours will show Fibonacci somewhere in stocks trading…. and this Fibonacci will be shown in the stock chart! Thus, 0.618 and 1.618 are very important in the chart.
Believe it or not? Feel free to leave a comment here.